Financial Performance - The company's operating revenue for 2018 was approximately CNY 583.73 million, a decrease of 0.73% compared to CNY 588.03 million in 2017[24]. - Net profit attributable to shareholders decreased by 25.73% to CNY 44.52 million, down from CNY 59.95 million in the previous year[26]. - The net cash flow from operating activities fell by 152.23%, resulting in a negative cash flow of CNY -17.09 million, compared to a positive CNY 32.73 million in 2017[26]. - Basic and diluted earnings per share decreased by 37.50% to CNY 0.40, down from CNY 0.64 in 2017[25]. - The weighted average return on equity dropped to 6.78%, a decrease of 6.97 percentage points from 13.75% in the previous year[25]. - Total assets increased by 7.23% to CNY 1,092.46 million, compared to CNY 1,018.82 million at the end of 2017[24]. - The company's net profit for 2018 was 44,522,537.41 CNY, reflecting a decrease from the previous year[93]. Dividend Distribution - The company plans to distribute a cash dividend of 0.6 RMB per 10 shares to all shareholders based on a total share capital of 112,000,000 shares as of December 31, 2018[5]. - In 2018, the company distributed cash dividends of 0.60 CNY per 10 shares, totaling 6,720,000.00 CNY, with a net profit margin of 15.09%[93]. - In 2017, the company distributed cash dividends of 1.50 CNY per 10 shares, totaling 12,000,000.00 CNY, with a net profit margin of 20.02%[93]. - The company did not propose a cash profit distribution plan for the reporting period despite having positive profits available for distribution to ordinary shareholders[94]. Audit and Compliance - The company reported a standard unqualified audit opinion from Tianjian Accounting Firm[4]. - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management[8]. - The company has engaged Tianjian Accounting Firm for auditing services[21]. - The internal control audit report for 2018 was issued by Tianjian Accounting Firm, confirming that the financial statements fairly reflect the company's financial status and operating results[178]. - The company has no major accounting errors or changes in accounting policies that would affect the financial statements[109]. - The company has not reported any non-standard audit opinions from the accounting firm[108]. Risk Management - The company has detailed potential risks in the section discussing future development and risks[7]. - The company emphasizes the importance of investment risk awareness in forward-looking statements[6]. - The company faces risks from intensified market competition, with a significant portion of revenue dependent on major clients like China Mobile, which could impact financial performance if service capabilities do not meet client demands[85]. - The company acknowledges the risk of 5G investment and progress not meeting expectations, which could adversely affect revenue growth[87]. - The company has a high concentration of accounts receivable, which poses a financial risk if payments are delayed, and will enhance management measures to mitigate this risk[86]. Business Operations and Strategy - The company continues to focus on communication network technology services and product development, with no major changes in its main business operations[35]. - The company plans to enhance its market presence through ongoing projects and technological advancements in communication solutions[36]. - The company expanded into new market regions, including Sichuan, Chongqing, and Qinghai, and established a holding subsidiary in Chongqing to manage operations in the southwest region[44]. - The company launched new products, including TD-LTE mobile communication base stations and self-service devices for business halls, which successfully entered the market and reduced operational costs[45]. - The company aims to enhance its market coverage and provide comprehensive communication network construction and maintenance services, targeting major telecom operators and large enterprises[79]. - The company plans to strengthen cooperation with well-known domestic and international enterprises to expand business market space[79]. - The company is positioned in the communication network technology service industry, benefiting from national policies like "Broadband China" and the acceleration of 5G commercialization[78]. Employee and Management Information - The company has 511 technical personnel, 201 management and administrative personnel, and 26 marketing personnel, totaling 738 employees[163]. - The management team has extensive experience in the telecommunications industry, with key members holding positions since the early 2000s[155]. - The financial team has been stable, with the current financial head serving since 2015, ensuring continuity in financial strategy[156]. - The company has established a compensation system aligned with long-term development goals, incorporating performance assessments based on employee contributions and attendance[164]. - The total remuneration for all directors, supervisors, and senior management was 2.5741 million yuan[160]. Market and Product Development - The company is focused on developing new products and technologies, particularly in the areas of 5G applications and Internet of Things (IoT) solutions[78]. - The company will increase R&D investment in 5G technology and related products, establishing a responsive R&D mechanism to improve service levels[82]. - The company has invested RMB 460 million in bank wealth management products, with an outstanding balance of RMB 80 million[118]. - A total of 301.3 million was allocated for new technology investments, aimed at improving operational efficiency and customer service[122]. Shareholder Information - The total number of shareholders at the end of the reporting period was 24,708, a decrease from 24,969 at the end of the previous month[137]. - The largest shareholder, Su Weifeng, holds 34,222,160 shares, accounting for 30.56% of total shares[139]. - The company has no controlling shareholder or actual controller, ensuring independent management[145]. - The total number of shares held by the top ten restricted shareholders is 34,222,160, with all shares subject to initial public offering restrictions[143]. Legal and Regulatory Compliance - The company has no reported penalties from securities regulatory agencies in the past three years[162]. - The company will publicly disclose any failure to fulfill its commitments and apologize to shareholders and the public[100]. - The company will ensure that any related transactions are conducted at fair market prices to protect the interests of minority shareholders[100].

Financial Performance - Operating revenue for the first nine months was ¥364,839,230.17, representing a year-on-year growth of 7.18%[5] - Net profit attributable to shareholders decreased by 13.63% to ¥24,546,768.66 compared to the same period last year[5] - The weighted average return on net assets fell by 4.08 percentage points to 3.79%[5] - Basic earnings per share dropped by 33.33% to ¥0.22[5] - The company reported a net cash flow from operating activities of -¥140,325,367.14 for the first nine months, indicating a decline in cash generation[5] - Total revenue for Q3 2018 was CNY 94,944,759.56, an increase of 6.0% compared to CNY 88,905,225.67 in Q3 2017[24] - Net profit for Q3 2018 was CNY 1,699,151.20, a decrease of 43.4% from CNY 2,998,612.03 in Q3 2017[25] - The net profit attributable to the parent company for Q3 2018 was CNY 1,644,469.39, a decrease from CNY 3,334,608.00 in the same period last year, representing a decline of approximately 50.7%[26] - The net profit for the first nine months of 2018 was CNY 25,113,450.04, a decrease of 10% compared to CNY 27,872,673.59 in the previous year[28] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,019,279,449.28, a slight increase of 0.04% compared to the end of the previous year[5] - Total assets as of September 30, 2018, were CNY 999,653,196.48, down from CNY 1,009,910,731.89 at the beginning of the year[22] - Total liabilities as of September 30, 2018, were CNY 348,900,850.80, a decrease of 6.3% from CNY 372,271,836.25 at the beginning of the year[22] - Cash and cash equivalents decreased to CNY 282,252,176.49 from CNY 328,817,177.76 at the beginning of the year, representing a decline of 14.2%[20] - Accounts receivable and notes increased by 45.37% to ¥258,439,146.07, attributed to business expansion and payment characteristics of telecom operators[10] - Other receivables increased by 31.67% to ¥38,445,092.07 from ¥29,196,974.46[11] Cash Flow - Operating cash inflow for the first nine months reached ¥324,982,253.81, an increase from ¥270,286,784.98 in the previous year, representing a growth of approximately 20.2%[31] - Net cash flow from operating activities was -¥140,325,367.14, slightly worse than -¥130,909,814.80 in the same period last year[31] - Investment cash inflow totaled ¥454,469,544.73, significantly higher than ¥47,004.71 in the previous year, indicating a substantial increase in investment activities[32] - Net cash flow from investment activities was ¥33,405,289.60, recovering from a negative cash flow of -¥152,883,412.79 in the previous year[32] - Financing cash inflow amounted to ¥40,000,000.00, down from ¥330,864,150.94 in the previous year, reflecting a decrease in financing activities[32] - Net cash flow from financing activities was ¥27,572,938.31, a decrease compared to ¥205,160,230.96 in the same period last year[32] - The ending cash and cash equivalents balance was ¥231,164,475.63, down from ¥157,357,598.79 in the previous year[32] - Total cash outflow from operating activities was ¥465,307,620.95, compared to ¥401,196,599.78 in the previous year, indicating increased operational expenses[31] - Cash outflow from investment activities reached ¥421,064,255.13, significantly higher than ¥152,930,417.50 in the previous year, suggesting aggressive investment strategies[32] - The company reported a net decrease in cash and cash equivalents of -¥79,347,139.23, compared to -¥78,632,996.63 in the previous year[32] Research and Development - R&D expenses increased by 48.85% to ¥17,822,438.29 compared to ¥11,973,181.54 in the same period last year[11] - Research and development expenses for the first nine months of 2018 were CNY 17,822,438.29, up from CNY 11,973,181.54 in the same period last year, indicating a year-over-year increase of 48.9%[25] - Research and development expenses for Q3 2018 amounted to CNY 5,730,846.77, significantly higher than CNY 1,996,573.50 in Q3 2017, reflecting an increase of 187.5%[27] Other Income and Expenses - Non-recurring gains and losses amounted to ¥5,930,961.40, primarily from financial product investment income[5] - Other income rose by 578.06% to ¥3,027,879.08, mainly driven by increased fiscal subsidies[11] - The company’s paid taxes increased by 33.78% to ¥33,681,093.80, mainly due to prepayment of value-added tax[12] - The company recorded an investment income of CNY 1,655,494.05 in Q3 2018, compared to CNY 322,808.22 in the same period last year, marking a substantial increase of 413.5%[27] - The company reported a financial expense of CNY 239,850.06 in Q3 2018, compared to a financial income of CNY -159,030.04 in Q3 2017, indicating a significant shift in financial performance[27] Capital and Equity - The company’s capital stock increased by 40.00% to ¥112,000,000.00 from ¥80,000,000.00 due to capital reserve conversion[11] - The total number of shareholders reached 20,742 at the end of the reporting period[8]

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 269,894,470.61, representing a 7.32% increase compared to CNY 251,494,391.47 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2018 was CNY 22,902,299.27, a decrease of 8.71% from CNY 25,086,958.64 in the previous year[18]. - The company reported a decrease of 13.73% in net profit after deducting non-recurring gains and losses, amounting to CNY 18,278,945.67 compared to CNY 21,188,836.68 last year[18]. - Basic earnings per share for the first half of 2018 were CNY 0.20, down 33.33% from CNY 0.30 in the same period last year[19]. - The weighted average return on net assets decreased to 3.52% from 7.60% in the previous year, a decline of 4.08 percentage points[19]. - The company achieved a revenue of RMB 269.89 million in the first half of 2018, representing a year-on-year growth of 7.32%[30]. - The net profit attributable to shareholders was RMB 22.90 million, a decrease of 8.71% compared to the previous year[30]. - The company reported a total profit for the current period of ¥26,219,412.17, a decrease of 15.0% from ¥31,059,085.38 year-over-year[91]. Cash Flow and Assets - The net cash flow from operating activities was negative CNY 94,344,816.38, an improvement from negative CNY 128,239,873.06 in the same period last year[18]. - The company's cash and cash equivalents decreased by 64.13% to RMB 118.31 million, primarily due to increased investment expenditures[35]. - The total current assets decreased from 1,008,171,619.31 RMB to 945,620,717.34 RMB, a decline of about 6.2%[82]. - The company's cash and cash equivalents decreased from 329,820,384.47 RMB to 118,311,537.68 RMB, a decline of approximately 64.1%[82]. - The ending cash and cash equivalents balance was CNY 97,707,800.29, compared to CNY 85,401,804.15 in the previous period[103]. - The company reported a total cash balance of approximately CNY 118.31 million at the end of the period, down from CNY 329.82 million at the beginning of the period[167]. Investments and Acquisitions - The company has made investments in four new holding and affiliated companies during the reporting period[38]. - The company has signed agreements to invest in Ningbo Meishan Bonded Port Area Huagai Hongqi Equity Investment Partnership, with a commitment of ¥20,000,000, representing a 13.33% stake[41]. - The company planned to acquire 100% of Doumai E-commerce Co., Ltd. and paid an intention fee of 80,000,000 RMB, which was later returned due to the termination of the acquisition[174]. Liabilities and Equity - The total assets at the end of the reporting period were CNY 1,011,607,352.12, a decrease of 0.71% from CNY 1,018,823,111.13 at the end of the previous year[18]. - The net assets attributable to shareholders increased by 1.70% to CNY 653,793,299.77 from CNY 642,891,000.50 at the end of the previous year[18]. - The company reported a short-term loan of ¥27,000,000, representing a 7.69% increase compared to the previous period[37]. - Accounts payable decreased by 14.08% to ¥271,876,874.52 from ¥316,416,747.18[37]. - The total equity at the end of the current period increased to 660,531,000.00 RMB, showing a growth of 10,707,000.00 RMB[106]. Operational Developments - The company expanded its market presence by winning bids in new regions, including Sichuan and Chongqing, and established a subsidiary in Chongqing[30]. - The company received a telecommunications equipment network access license for its TD-LTE mobile communication base station equipment[30]. - Research and development expenses rose by 27.72% to RMB 12.09 million, reflecting the company's commitment to innovation[34]. Corporate Governance and Compliance - The company will adhere to the laws and regulations regarding corporate governance to protect the interests of minority shareholders[50]. - The company will ensure that transactions with related parties are conducted at fair market prices[50]. - The company has committed to controlling labor costs, which constitute a significant portion of its expenses, through new business implementations and efficiency improvements[42]. - The company has not disclosed any plans for new products or technologies in this report[5]. Risks and Challenges - The company faces risks related to customer concentration, particularly with major telecom operators like China Mobile, which significantly impact revenue[42]. - The company anticipates potential adverse effects on revenue growth due to the commercialization and investment pace of 5G technology[42]. Accounting Policies - The company’s accounting policies comply with the requirements of enterprise accounting standards, ensuring accurate financial reporting[120]. - The company applies the accounting treatment for business combinations under common control and non-common control, adjusting capital reserves based on the difference between the book value of the equity and the payment for the merger[123]. - The company recognizes financial assets when it becomes a party to the financial instrument contract, measuring them at fair value initially[127]. Shareholder Information - The total number of common stock shareholders reached 15,393 by the end of the reporting period[69]. - The total number of shares held by the top ten shareholders is 113,000,000, accounting for 100% of the total shares[71]. - Su Weifeng holds 34,222,160 shares, representing 30.56% of the total shares, with no pledged or frozen shares[71].

Financial Performance - Operating revenue increased by 17.29% to CNY 77,402,062.18 year-on-year[6] - Net profit attributable to shareholders decreased by 498.62% to a loss of CNY 3,438,831.96 compared to the same period last year[6] - The company reported a 77.63% decrease in income tax expenses, reflecting a reduction in profits compared to the previous year[13] - Net profit for Q1 2018 was a loss of CNY 3,541,055.58, compared to a profit of CNY 1,273,693.25 in Q1 2017, representing a significant decline[26] - The company reported a total comprehensive loss of CNY 3,175,944.53 for Q1 2018, compared to a comprehensive income of CNY 603,460.34 in the same period last year[30] Assets and Liabilities - Total assets decreased by 6.86% to CNY 948,908,928.22 compared to the end of the previous year[6] - The company's total assets decreased to CNY 938,167,094.87 from CNY 1,009,910,731.89 at the beginning of the year, a reduction of approximately 7.1%[24] - Current liabilities totaled CNY 303,704,143.76, down 18.4% from CNY 372,271,836.25 at the start of the year[24] - The company's current liabilities decreased from ¥368,998,601.71 to ¥302,625,474.38[20] - The total equity attributable to shareholders was ¥639,452,168.54, slightly down from ¥642,891,000.50[20] Cash Flow - Cash flow from operating activities improved by 11.80% to a net outflow of CNY 94,189,744.87 compared to the previous year[6] - The net cash flow from investment activities was ¥1,189,018.60, a decrease of 3192.62% compared to the previous year[13] - The company generated CNY 151,487,045.60 in cash inflow from investment activities, significantly higher than CNY 10,637.68 in the same period last year[36] - The company’s cash flow from financing activities resulted in a net inflow of CNY 9,100,395.83, compared to outflows in the previous year[33] Expenses - Sales expenses increased by 43.51% to CNY 2,409,961.02 due to expansion costs in other provinces[12] - The company reported a 58.09% increase in tax expenses, amounting to ¥15,519,591.60 compared to ¥9,817,039.74 in the same period last year[13] - Total operating costs for Q1 2018 were CNY 85,367,612.35, up 25.1% from CNY 68,234,982.95 in the same period last year[26] Shareholder Information - The number of shareholders reached 15,900 at the end of the reporting period[9] - The company received government subsidies totaling CNY 3,100,000.00, including CNY 3,000,000.00 related to capital market support[9] Investment Activities - Cash inflow from investment activities totaled ¥151,487,045.60, a significant increase of 1423960.94% compared to the previous year[13] - The company received CNY 150,000,000.00 related to investment activities, indicating a strategic focus on investment opportunities[36] - The company is planning a major asset restructuring to acquire 100% equity of Hangzhou Duomai E-commerce Co., Ltd., with stock trading suspended for up to 30 days starting April 9, 2018[14] Other Financial Metrics - The weighted average return on equity decreased by 0.81 percentage points to -0.54%[6] - Basic and diluted earnings per share for Q1 2018 were both CNY -0.04, compared to CNY 0.01 in Q1 2017[27] - The company reported an operating profit of CNY -6,378,731.92 for Q1 2018, compared to CNY 1,576,670.58 in the previous year[26] - The company's operating profit was negative CNY 6,024,917.34, a decline from a positive operating profit of CNY 671,345.17 in the same quarter last year[30]

Financial Performance - The company's operating revenue for 2017 was approximately ¥588 million, representing a year-over-year increase of 15.08% compared to ¥511 million in 2016[22]. - Net profit attributable to shareholders for 2017 was approximately ¥60 million, an increase of 11.62% from ¥54 million in 2016[22]. - The company's cash flow from operating activities decreased significantly by 72.21% to approximately ¥33 million from ¥118 million in 2016[22]. - The total assets of the company increased by 38.93% to approximately ¥1.019 billion at the end of 2017, compared to ¥733 million at the end of 2016[22]. - The weighted average return on equity decreased to 13.75% in 2017 from 18.32% in 2016, a decline of 4.57 percentage points[23]. - Basic earnings per share remained stable at ¥0.90 in 2017, unchanged from 2016[23]. - The company's net assets attributable to shareholders increased significantly by 102.43% to approximately ¥643 million at the end of 2017, compared to ¥318 million at the end of 2016[22]. - The company reported a total of ¥7.81 million in non-recurring gains for 2017, compared to ¥878,354 in 2016[28]. Capital Management - The company plans to distribute a cash dividend of RMB 1.50 per 10 shares to all shareholders based on a total share capital of 80,000,000 shares as of December 31, 2017[5]. - The company will also increase capital by issuing 4 additional shares for every 10 shares held, subject to shareholder approval[5]. - The proposed capital increase plan includes a bonus share distribution of 4 shares for every 10 shares held, resulting in an increase of total shares to 112,000,000[72]. - The company's net profit attributable to ordinary shareholders for 2017 was 59,946,934.87 RMB, with a dividend payout ratio of 20.02%[74]. Risk Management - The company has detailed potential risks in the "Discussion and Analysis of Operating Conditions" section of the report[7]. - The company emphasizes the importance of investment risk awareness regarding forward-looking statements made in the report[6]. - The report includes a comprehensive discussion of the company's future development risks[7]. - The company faces risks related to market competition, particularly from state-owned enterprises and the potential entry of new competitors[66]. - The company faces risks related to rising human resource costs, which could negatively impact performance if not managed effectively[68]. - The company has a significant amount of accounts receivable, which poses a risk if industry trends change or collections are delayed[68]. - High inventory levels are a concern, potentially affecting cash flow efficiency if not managed properly[68]. - The company experiences uneven cash flow distribution throughout the year, complicating financial management and funding for business expansion[69]. Operational Efficiency - The company's operating cost for the same period was 476.93 million RMB, up by 71.22 million RMB, with a year-on-year increase of 17.55%[39]. - The gross profit margin for the communication technology sector was 18.92%, a decrease of 1.6 percentage points compared to the previous year[43]. - The company has established a strong project management capability to ensure service quality through standardized processes[34]. - The customer relationship management system has been enhanced to improve customer satisfaction and respond to feedback promptly[34]. - The company has accumulated significant technical experience in the communication network technology service industry, which is crucial for maintaining competitive advantage[38]. - The company has a strong qualification advantage with various high-level certifications, enabling participation in large-scale bidding projects[38]. Shareholder Relations - The company has established a transparent dividend policy to ensure stable returns to investors, with no adjustments made during the reporting period[71]. - The company maintains communication channels for shareholders to express their opinions regarding profit distribution[73]. - The company has commitments in place to restrict share transfers by major shareholders for specified periods to ensure stability[75]. - Shareholders have agreed to a lock-up period of twelve months for their shares post-IPO, with specific conditions on share transfer and management[76]. - The company will prioritize business opportunities within its operational scope to benefit its subsidiaries, avoiding conflicts of interest[78]. Governance and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[4]. - The report confirms that all board members attended the board meeting, ensuring accountability for the report's accuracy[8]. - The company has not violated decision-making procedures for external guarantees[7]. - The company has established internal controls to mitigate risks related to revenue recognition and inventory valuation[143]. - The audit report confirmed that the financial statements fairly represent the company's financial position and results of operations for the year ended December 31, 2017[140]. - The company has not faced any penalties from securities regulatory agencies in the past three years[123]. Future Outlook - The company aims to expand its market presence and explore new business opportunities through internal management platform enhancements and project responsibility systems[38]. - The company intends to increase R&D efforts to align with industry development trends and optimize service levels in response to new communication technology demands[65]. - The company plans to expand its NB-IoT network to reach 40,000 base stations by 2020, achieving nationwide coverage[61]. - The company plans to continue expanding its market presence and investing in new product development to drive future growth[156].

Financial Performance - Operating revenue for the first nine months reached CNY 340,399,617.14, a 25.26% increase from the same period last year[6] - Net profit attributable to shareholders increased by 64.85% to CNY 28,421,566.64 compared to the previous year[6] - Basic earnings per share rose by 58.62% to CNY 0.46[7] - The weighted average return on equity increased by 1.69 percentage points to 7.87%[7] - The net profit for the first nine months of 2017 reached CNY 27,872,673.59, compared to CNY 16,476,275.28 in the previous year, indicating a year-over-year increase of about 69.5%[26] - The operating profit for the first nine months of 2017 was CNY 31,618,997.31, significantly higher than CNY 19,242,966.16 in the previous year, reflecting an increase of approximately 64.5%[26] - The total comprehensive income attributable to the parent company for the third quarter was CNY 3,334,608.00, compared to a loss of CNY 2,657,723.59 in the same period last year[24] - The company reported a total comprehensive income of CNY 3,746,376.66 for the third quarter, compared to a loss of CNY 2,771,382.40 in the same quarter last year[27] Assets and Liabilities - Total assets increased by 29.85% to CNY 952,261,501.79 compared to the end of the previous year[6] - The company's total liabilities decreased to ¥335,367,132.36 from ¥405,728,846.73 at the start of the year, a reduction of 17.3%[20] - Accounts receivable increased by 89.83% to ¥193,544,106.30 from ¥101,957,472.75, primarily due to payment methods affecting cash collection concentrated in Q4[12] - Long-term deferred expenses rose by 351.79% to ¥2,374,340.31 from ¥525,539.96, mainly due to one-time rental payments for long-term assets[12] - Inventory levels increased to ¥352,439,421.84 from ¥309,119,735.14, reflecting a rise of 14.0%[18] Cash Flow - Cash flow from operating activities showed a net outflow of CNY -130,909,814.80, a decline of 71.69% year-on-year[6] - The cash flow from operating activities for the first nine months of 2017 was -98,171,733.33 RMB, compared to -42,363,157.42 RMB in the same period last year, indicating a worsening performance[34] - The net cash flow from operating activities for Q3 2017 was -130,909,814.80 RMB, compared to -76,246,632.79 RMB in the same period last year, indicating a decline of approximately 71.6%[31] - The total cash outflow from operating activities was 401,196,599.78 RMB, compared to 378,710,871.93 RMB in the same period last year, an increase of about 5.9%[31] - Cash received from other operating activities increased by 130.42% to ¥8,995,199.15 from ¥3,903,802.02, driven by higher fiscal subsidies and tax refunds[13] Shareholder Information - The total number of shareholders reached 19,451 by the end of the reporting period[9] - The top shareholder, Su Weifeng, holds 30.56% of the shares, amounting to 24,444,400 shares[9] - The company issued 20 million new shares, increasing paid-in capital by 33.33% to ¥80,000,000.00 from ¥60,000,000.00[12] Government Support - The company received government subsidies totaling CNY 7,742,065.33, primarily for talent incentives and R&D support[8] Other Financial Metrics - Tax payable decreased by 67.56% to ¥3,022,071.14 from ¥9,316,906.46, attributed to higher income and profit in Q4[12] - The company's management expenses decreased to CNY 20,753,490.57 for the first nine months, down from CNY 22,922,319.92 in the previous year, showing a reduction of approximately 9.5%[26] - The financial expenses for the first nine months were CNY 1,665,782.17, down from CNY 2,517,868.08 in the previous year, indicating a decrease of about 33.8%[26]